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Embattled NYCB Is Doing a Reverse Stock Split. Shares Are Down 70% in 2024.

By MarketWatch   |   Jun 27, 2024 at 10:18 AM EST
Embattled NYCB Is Doing a Reverse Stock Split. Shares Are Down 70% in 2024.

New York Community Bancorp's board approved a one-for-three reverse stock split effective in July. This move follows changes in leadership, capital infusion, and financial challenges faced by the bank, aiming to improve stock performance.

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